GameStop Has Record Quarter

[CheapyD]

March 22, 2006 - Leading videogame retailer GameStop today reported record earnings of $85 million for the fiscal forth quarter of 2005, an increase of $50.5 million or 68% over the same period in 2004. Furthermore, the company revealed plans to open 1,600 more retail outlets over the next three years.

http://ps3.ign.com/articles/697/697584p1.html

[schuerm26]

Giving someone $5.00 credit and then charging $30 will do that kind of thing.

[ryanbph]

more stores, don't they have a shitload of them now with the gamestops and ebs...there is 10 of them within 20 min of my work and I don't live in/near a major city.

[schuerm26]

Yeah. They are everywhere now. You can't drive down a major street without seeing one or the other.

[RelentlessRolento]

no surprise due to a new system luanch during holiday season.

[Kapwanil]

more stores, don't they have a shitload of them now with the gamestops and ebs...there is 10 of them within 20 min of my work and I don't live in/near a major city.

It depends. Back in NY and PA there were few times where you could go more than five miles without running into a GS or an EB. However, in IN, if the local EB doesn't have anything it's usually a good 30 to 60 miles to the next EB or GS around.

The upside, however, is that there are plenty of insanely well-stocked GameCrazy locations and GameRush locations around here, unlike back at home. Hurrah.

[whoknows]

WOOO!! GAMESTOP 4 EVAR!!!

To celebrate I will now go purchase a copy of syphon filter from them as a congrats!

[evanft]

Jesus tapdancing Christ that's a big increase!

[botticus]

I wonder if some "new" stores could be converted EBs?

[cdeener]

Well, I'm really starting to dislike Gamestop because there are too many around me. I have like 4 Gamestops and 2 EB's within 4 miles of my house. They just openned another one a couple of weeks ago. They have sucky trade-in deals and I only go in one when they are having a sale or trade-in deal that is actually worth it.

[lehviput]

Giving someone $5.00 credit and then charging $30 will do that kind of thing.

it also doesn't hurt that they only pay their employees $6.50 an hour and demand that they sell subs, get reserves or they lose their job.

[Moxio]

Looks like they're back on top.

1600 new stores though? Damn.

[Rig]

I wouldn't mind a Gamestop here. We have two EB's.

[Moxio]

I wouldn't mind a Gamestop here. We have two EB's.

I wouldn't mind an EB here. We have two Gamestops.

:lol:

[DomLando]

I wouldn't mind a Gamestop here. We have two EB's.
There all going to be Gamestops now anyway. All the EB's names should be changed before years end.

[hopesfall]

it also doesn't hurt that they only pay their employees $6.50 an hour and demand that they sell subs, get reserves or they lose their job.

I worked for GS when I was in the Seattle area, and I never really had any problems with the company until the end (of course!). They paid me about $9.00/hr. (I was in college so it was fine), and I never really felt like I was in trouble of losing my job when I wasn't selling subs/reserves. Different stores obviously have different conditions, but I can only speak from personal experience. And damn, yeah that is a big increase in their earnings...Question though, could this be due to the EB acquisition? I mean, if they were counting the earnings from EB and GS during the 4th quarter, then obviously there would be a much higher number. But I'm not an expert on these things, so I might just be completely off there...

[Reality's Fringe]

it also doesn't hurt that they only pay their employees $6.50 an hour and demand that they sell subs, get reserves or they lose their job.

$6.50?! I only made $5.35, and was promised (repeatedly) I'd go up to $6 "soon". It never happened.

[PittsburghAfterDark]

This is damn ridiculous.

1,600 more stores, 32 per state. You can pretty much assume Alaska, Hawaii, the Dakotas, Montana, Idaho, Wyoming and other states aren't going to get even 3 more so that jumps to like 50 per state.

I have 3 within 5 minutes of me and 5 within 10 minutes of me. How many more Gamestop's do there need to be?

BTW, their margins are absolutely horrible. $86 million is paltry compared to their gross revenues.

[Kendal]

I have two right across the street from each other.

[RelentlessRolento]

I have two right across the street from each other.

kinda reminds me of Mcdonalds and Burger King...

[Skelah]

actualy ive noticed some gamestop's and ebs closing down cause now there they are joined theres to many cause logicly there just becoming one store.

I woudlnt be suprised if there just putting some fake icing on there cake to apeal to shareholders .

[Roufuss]

actualy ive noticed some gamestop's and ebs closing down cause now there they are joined theres to many cause logicly there just becoming one store.

I woudlnt be suprised if there just putting some fake icing on there cake to apeal to shareholders .

They started that here... they closed one store in the area, but have now opened three more to take its place.

Surpringsly, all of them have shitty stock and the rare games never seem to be there. ZING!

[AFStealth]

I don't have an EB or GS within a 100 mile radius. I wish this would mean we'd get one close, but makes no difference to me now.

[fatbeer]

They prolly going to bring more gamestop to NYC since our city is vastly overpopulated.There is over 50 eb and gamestop right now in less than 10 miles radius.I don't understand why we need more gamestop within a few streets? Soon the eb and gamestop might be equal to McDonald stores on 1:1 ratio.

[PittsburghAfterDark]

I don't have an EB or GS within a 100 mile radius. I wish this would mean we'd get one close, but makes no difference to me now.

Where do you live? I probably have 100 in a 100 mile radius.